Energy-Related Investment-Banking Fees Average $200 Million to $300 Million Annually

Wells Fargo & Co. said at an industry conference Tuesday that its investment-banking fees from energy-related activities averaged $200 million to $300 million annually over the past five years.

The San Francisco-based bank holds direct exposure to energy through its loan portfolio, investment bank and securities and trading business. Oil and gas loans account for 2% of total loans outstanding and 3% of total commitments, according to Chief Financial Officer John Shrewsberry, with roughly half of loans and commitments...